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Time Interconnect Technology Limited ( (HK:1729) ) has shared an announcement.
Time Interconnect Technology Limited has announced a major transaction involving the acquisition of the entire issued share capital of a target company for HK$460,000,000. The acquisition will be settled with a combination of cash and the issuance of consideration shares. Upon completion, the target company will become a wholly-owned subsidiary, and its financial results will be consolidated into Time Interconnect’s financial statements. This acquisition is classified as a major transaction under the Listing Rules, and has received written approval from the majority shareholder, Luxshare Precision Limited, eliminating the need for a general meeting.
The most recent analyst rating on (HK:1729) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Time Interconnect Technology Limited stock, see the HK:1729 Stock Forecast page.
More about Time Interconnect Technology Limited
Average Trading Volume: 5,640,290
Technical Sentiment Signal: Buy
Current Market Cap: HK$24.39B
Find detailed analytics on 1729 stock on TipRanks’ Stock Analysis page.